Roni Cohen-Pavon, Former Celsius Executive, Granted Permission to Travel to Singapore for Token2049 Conference

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by Giorgi Kostiuk

2 years ago

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  1. Travel Permission
  2. Charges and Guilty Plea
  3. Travel Request and Legal Proceedings


    4. Former Celsius chief revenue officer Roni Cohen-Pavon, who pleaded guilty to criminal charges in 2023 and has been free on bail, has permission to travel to Singapore to attend the Token2049 conference.

    Travel Permission

    On Sept. 13, Judge John Koeltl of the United States District Court for the Southern District of New York (SDNY) granted Cohen-Pavon permission to travel from Israel to Singapore from Sept. 16 to 20 for business purposes. Cohen-Pavon, part of the same criminal indictment as former Celsius CEO Alex Mashinsky, allegedly earned roughly $3.6 million in profits from the sales of CEL tokens by helping artificially inflate the price.

    Charges and Guilty Plea

    US authorities announced fraud charges against Mashinsky and Cohen-Pavon in July 2023 related to misleading users at the crypto lending platform Celsius. Cohen-Pavon, who was reportedly not in the US when the indictment was filed, was arrested in September 2023. He initially pleaded not guilty but later changed his plea to conspiracy to commit price manipulation, securities fraud, manipulation of security prices, and wire fraud.

    Travel Request and Legal Proceedings

    Cohen-Pavon previously requested permission to travel to Tokyo in June 2024. While the court filings do not explicitly mention Token2049, the timing of the September travel request could imply plans to attend the conference. Former CEO Alex Mashinsky has also filed for the opportunity to question six material witnesses residing outside the US. Mashinsky, awaiting his trial in January 2025, is largely restricted to traveling within SDNY and EDNY.

    Roni Cohen-Pavon, after pleading guilty to criminal charges, has been granted permission to travel to Singapore to attend the Token2049 conference. Meanwhile, his legal proceedings continue, and he is scheduled for a sentencing hearing in December 2024.

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